Filinvest Development Corporation (PSE: FDC), one of the Philippines’ leading diversified conglomerates, filed a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) for the proposed public offering of up to 8,000,000 preferred shares at an offer price of ₱1,000.00 per share. The offer will consist of a base offer of up to 6,000,000 preferred shares, equivalent to up to ₱6,000,000,000.00 with an oversubscription option of up to 2,000,000 preferred shares, equivalent to up to ₱2,000,000,000.00, which will be offered in up to two (2) series.

This offering is a key component of the company’s capital markets engagement strategy, designed to broaden its investor base and diversify funding sources. The proceeds will be used to refinance existing obligations and fund growth initiatives that support the company’s long-term investment strategy. This aligns with FDC’s strategic direction to unlock value in its core businesses while expanding in high-growth sectors such as affordable, middle-income, and high-end residential markets, consumer banking, hospitality, and power generation.

“We are positioning Filinvest for the next phase of sustainable growth by strengthening our capital structure and enhancing financial flexibility,” said Rhoda A. Huang, FDC President and CEO. “This preferred share offering supports our objective to deepen investments in sectors where we have strong competitive advantages and long-term value creation potential.”

Reflecting this outlook, FDC posted a net income of ₱3.6 billion in the first quarter of the year, a 25% increase from the same period last year, with all its business units — Banking, Power, Real Estate, Hospitality, and Sugar — recording double-digit improvements.

The target offer period is scheduled for July 21 to July 25, 2025, with the listing date on the Main Board of the Philippine Stock Exchange expected to be on August 4, 2025, subject to regulatory approvals and market conditions.

BPI Capital Corporation is the Sole Issue Manager for the Offer, and together with BDO Capital & Investment Corporation, China Bank Capital Corporation, Land Bank of the Philippines, and Security Bank Capital Investment Corporation are the Joint Lead Underwriters and Bookrunners.

The preliminary prospectus has been filed with the registration statement for the review and approval of the SEC and the PSE and is available for viewing in the following link:

https://www.filinvestgroup.com/wp–content/uploads/2025/05/Filinvest–Development–CorporationPreliminary–Prospectus–2025–05–20–Signed–and–Notarized_compressed–3.pdf